ACCT. 101 – Financial Accounting
Spring Quarter 2011
Call No. 1268 Room: Copeland 104 TTH 8:10-10:00 a.m.
Call No. 1258 Room: Copeland 104 TTH 10:10- 12:00 p.m.
Susanne C. Freeland, CPA, MT
Office: Copeland 632B Office Hours:
Office Phone: 740-597-1508 Tuesday 12:30-2:30 p.m.
E-mail: Wednesday 10:00 a.m.-3:00 p.m.
Thursday 12:30-2:30 p.m.
And by appointment
Course Objectives: To introduce you to The Language of Business-Accounting!
To introduce you to the thinking process of the Accountant.
To introduce you to Generally Accepted Accounting Principles (GAAP), and the effect they have
on how transactions are recorded and the resulting effect on financial statements.
Required Materials: The Map. For students on the Athens campus: go to Copeland 602, College of Business Service Center. You will be asked to initial a list indicating that you received the book and then given the book. The Map will be shipped to the regional sites and passed out in the classroom during the second week of class. You will also need access to a computer with Word, Excel, Acrobat Reader and internet service.
The required calculator for this course is a Texas instruments BA II Plus.
You are required to bring to each class The Map, BA II Plus calculator, pencil(s), a good eraser, notebook paper and your completed homework assignments.
Reference Materials: There are at least 8 beginning Accounting textbooks on reserve at Alden Library. Any beginning
accounting textbook will contain most of what we will be covering in class. I also have beginning
accounting textbooks available in my office and will loan you one for the quarter.
Prerequisite: Tier I math or higher placement. Note to anyone planning on taking Acct 102: Econ 103 is also a prerequisite for Acct 102 and will not be waived. If you don’t already have it you should be taking it this quarter.
Grading Policy
Your grade in this course will be based on the following:
Exam 1 270 points Thursday, April 19, 2012; 7-9 p.m. Location TBA
Exam 2 (comprehensive) 275 points Thursday, May 10, 2012; 7-9 p.m. Location TBA
Homework (collected randomly), quizzes, etc. 150 points
On-line course evaluation 5 points
Final Exam (Comprehensive!!) 300 points Wednesday, June 6, 2012; 4:40 p.m. Location TBA
Total points 1,000 Combined Section Exam
Final course grades will be assigned according to the following point scale:
A 920 and above points B- 800 points D+ 680 points
A- 900 points C+ 780 points D 620 points
B+ 880 points C 720 points D- 600 points
B 820 points C- 700 points F Less than 600 points
Exams may consist of multiple choice, matching, short problems, essays, and comprehensive problems. Exams must be taken at the scheduled times unless advance arrangements have been made with me. Failure to follow this policy will result in a zero for the exam.
Accounting 101 is a coordinated course. The coordinator of the course is Dr. Kirch, 593-9321, . Exams are the property of the School of Accountancy. Failure to turn in an exam at any time will result in a grade of zero for that exam.
Homework:
Several homework assignments will be collected on an unannounced basis throughout the quarter. Each homework assignment will be worth 15 points. The top ten grades will count toward the 150 points assigned for homework for this class. Each assignment will be graded as an assessment of your understanding and application of the specific learning objectives assigned. Attendance may be taken instead of collecting homework at the discretion of the instructor. All students present on those days will receive full homework credit for that day. Pop quizzes may also be substituted for homework at the discretion of the instructor. No late homework will be accepted. Your homework should be your own work. If you turn in someone else’s homework assignment as your own (including handouts from a prior quarter) your final grade will include NO points for homework.
You should plan to spend, at least, 8 to 16 hours per week outside of class doing your homework assignments for this class. The best approach is to spend some time each day doing your accounting homework, say 30 minutes to 2 hours per day. It is essential that you attempt to do all homework problems before coming to class. Homework solutions will be available in the tutoring sessions and in my office and on a website (http://www.cob.ohio.edu/map). There are additional resources available at http://www.cob.ohio.edu/map. To access these resources you will need a computer that can read PDF, Word and Excel files. I strongly recommend that you make good use of these resources and attempt all of the homework. If you do not do the homework in this class, you will probably not have a good understanding of the material. As a result, you will have a very difficult time with the exams.
Attendance:
Your success in this class is directly related to your own efforts. If you attend class each day and come prepared to participate you will be more likely to succeed. There is zero tolerance of absences or lateness except for very special circumstances. Should you miss two classes (this includes illness and University sanctioned absences), your final grade will be reduced 50 points for each additional absence. If you are late to class you will be counted as absent for that day and any homework turned in will receive a zero grade.
Withdrawal Dates: The last day to drop without a WP/WF grade is Monday, April 11, 2011.
The last day to drop with a WP/WF grade assigned is Monday, May 2, 2011.
Cheating: Anyone caught cheating on exams will receive an F for the class.
Course Evaluations:
Course evaluations are to be done online. Online evaluations are to be completed before the final exam. Once the evaluations are open you will receive an email with the link to the evaluation site. (cob.ohio.edu/evaluation) I will let you know when they are open (you should be sure to check your junk mail for the email). A list of students who complete the evaluation will be provided to me - each student listed will receive 5 points!
Secrets for Success:
Come to class every day, arrive on time, do any reading assigned before you come to class, bring questions to class (there is no such thing as a stupid question in accounting), do your homework every day, and find a friend to study and discuss your questions with. The more you talk about accounting, the better you understand accounting. Most importantly, ask me for help before it’s too late. This class will be unlike most any other class you have taken in terms of rigor and workload. Once you get behind, it is very difficult, if not impossible, to catch up – most of the topics build on each other.
Changes to Syllabus:
This syllabus is tentative and subject to change at the discretion of the instructor. Changes and additions to the syllabus will be announced in class or by email to your OU Oak account. You are responsible for all assignments in the syllabus and any announced changes to the syllabus. You are responsible for anything sent to your OU Oak account.
Student Code of Conduct:
The Ohio University Code of Student Conduct prohibits all forms of academic dishonesty. For such behavior, the student may fail the course of be expelled from the University. Students should refer to the Ohio University Student Handbook for these regulations. (http://www.ohio.edu/education/student-services/ost/upload/Student-Teaching-Handbook.pdf)
Special Needs or Disabilities:
In compliance with the Americans with Disabilities Act (ADA), all students who have a documented disability are entitled to “reasonable academic accommodations.” If you are a student with special needs, it is your responsibility to be registered with Institutional Equity. You need to inform your instructors each quarter before the end of the second week of class.
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